No Data
No Data
Express News | Wolfe Research Reinstates Peer Perform on Hess
Sector Update: Energy Stocks Advance in Thursday Afternoon Trading
Energy stocks rose Thursday afternoon with the NYSE Energy Sector Index gaining 0.8% and the Energy Select Sector SPDR Fund (XLE) up 0.9%.The Philadelphia Oil Service Sector index eased 0.1%,
Exxon Dispute in Chevron-Hess Deal Hinges on Guyana Asset Change of Control - Reuters
Market Chatter: Exxon Mobil to Use Hess' Guyana Stake to Block Chevron Acquisition
Exxon Mobil's (XOM) attempt to prevent Chevron's (CVX) $53 billion acquisition of Hess (HES) hinges on whether the purchase would involve a change of control of Hess' Guyana stake, Reuters reported
Exxon Mobil (XOM.US) and Chevron (CVX.US) may bring the "century dispute" to a final conclusion, the key being the control of the assets in Guyana.
Since the beginning of this year, the two largest oil and gas producers in the USA have been in continuous legal arbitration over the world's largest oil reserves found in the offshore area near Guyana in the past 20 years. This stakes of this "century battle" between the two US oil and gas giants could not be higher, as it could completely derail Chevron's $53 billion acquisition of the USA-based oil and gas producer, Hess Corp.
Hess Raised at Bernstein, Saying Failed Merger Closing Would Not 'Doom' Shares
SFRE Keith : It is highly probable because the shareholders of Hess vote in favour of the proposed merger.